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berlusconi next year. the unexpected drop signals continued pressure from abroad. and meeting face-to-face, president obama and house speaker john boehner sit down for a one-on-one over the weekend. there are just three weeks left before the u.s. goes over the fiscal cliff. >>> italian shares are down nearly 3% this morning. for the most part, it is bank stocks leading the way down. we're now down about 2.76% on the ftse mib. bank stocks have been hit particularly hard this morning. earlier, we saw shares down 5.6%. we're seeing the same thing, whether it's bmps hitting session lows down nearly 6% comes amid concerns about leadership and economic reform in italy following mario monte's announcement that he'll resign once the budget has been passed. this move is likely to bring the country forward to elections next year. the italian prime minister has offered no clue as to whether or not he will run and it comes after sylvia berlusconi declared over the weekend he would throw his hat in the ring for the job of premier. carolyn ross is in italy following the details there. can you wa
. >> turmoil in italy. berlusconi throws his hat in the ring. retail sales numbers out of china, hoping the economy is in fact on an upswing. >> apple, enthusiasm. jeffreys trimming its price target to 800 from 900, as apple shares do trade lower in the pre-market. we'll start with mcdonald's, posting better than expected november same-store sales, global comps up 2.4. u.s. same-store sales up 2.5, offered by breakfast offerings, including that cheddar/bacon/onion sandwich, as melissa mentioned. jim? people are saying the u.s. maybe is making a turn here. >> i find mcdonald's is levered to new products, levered to menu technology. they do invent things. my hat's off to janet. they had this number last week. reminds people, again, they've been right down, and up. mcdonald's is one of those things where joe asked me from squawk when we were talking, i said, i think this is a for real term. if they continue to innovate. i may this may not be your cup of tea, burger, but innovation s higher. >> they tried to sell it to consumers as opposed to their extra value menu, which is a little bit hi
you saw berlusconi kind of backed off and actually support him now so it's like they're going to parachute him back in. he won't run and he says i don't have to because he is a life senator whatever that means but italy has its own laws as you know, probably as well as anybody. but he wants -- he'd like to continue to run the show because he feels just like mario draghi that he's been very successful and he can't let go of the reins. now i understand that. but he doesn't want to run. >> he's been very successful and he tells us about that. >> right. >> he had his july 26th surprise between him and mario draghi but in the end as you pointed out off camera he doesn't want to lose. he's not going through the process in a way where he can lose. basically if you appoint me i'll take it. >> right. >> i think president obama or any politician in the u.s. would love to have those terms up. >> right. he wants the terms. no election. i don't want that process. i don't want the feeling of rejection but i'd like to continue in this path. italy has to make a decision and i think the big mo
government could fall. >> the "b" word, berlusconi, incredible. see you later. if you're just joining us here is what you missed earlier this morning. >> welcome to hour three of "squawk on the street." here is what's happening so far. >> a sound fiscal position is necessary to protect the economy. >> okay. >> if we don't do that, as this economy recovers, that recovery is going to be aborted and that's going to do damage. >> 370,000, a drop of 25,000, because the 393 originally released last week was upgraded a couple of thousand. >> people are truly perplexed about what the stock is, where it got to, what do you do with it. >> so you can come up with a million reasons. it's manufacturing, well, maybe it is manufacturing, but is there really a demand question about apple's products? [ bell ringing ] >> there is a scenario says and some people believe in it, go over the cliff and if about two, three days we'll have it settled. . look if we knew that was going to happen i'd say go over the cliff. two or three days is not going to do any harm. suppose it's two or three weeks, suppose it's two o
berlusconi plans to run to become prime minister for a fifth time. the media tycoon says he's returning "sadly to public service out of a sense of responsibility." the 76-year-old resigned last year amid italy's deepening economic woes. he still faces allegations he paid for sex with an underaged prostitute. berlusconi denies that. >>> to politics. he served his state as a republican, left the party, turned pent, and now charlie crist is officially a democrat. crist announced he signed papers switching his party. some are speculating he made the move to run against rick scott in 2014. the latest now on the fiscal cliff. there has been very little actual movement this week on it. both sides have their proposals on the table, but it seems like no one is sitting at those tables. there's been a lot of back and forth on television, but what's really getting done, if anything? joining me now as they do every week, cnn contributor maria cardona, and amy holmes, anchor for real news on the blaze. good morning to both of you. >> good morning, randi. >> i'm sure you've been watching all the back
column. >> silvio berlusconi getting hitched. he is engaged to a 28-year-old woman. this is while his sex for hire trial continues in milan. berlusconi is flirting with another run for prime minister. >> that must have been some engagement ring, right? >> that guy, he has -- >> the guy may want to be prime minister, forgetting all of his other problems, europe, the financial sector, terrified of that. >> silvio berlusconi, the gift that keeps on giving. >> john tries to make this very serious. i appreciate you bringing it back to the financial crisis. >> no, no, no. we were focused on something different. >> the sex for hire trial? the proposal during the sex for hire trial? >>> main street might be seeing a run for guns in some places, but wall street, it's the opposite. a look at that, coming up. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 do
between silvio berlusconi, the former prime minister, who this week withdrew his support for the existing mario. they will not call for a dissolution of the par lament or the government in italy. that is a promise made by berlusconi. that is good news because as far as barclays capital is concerned it doesn't matter for the markets. what you really need is a stable government and saying to the opposition, look, if do you empower, make it clear you're going to come through with reforms that are already on the table. in that environment, the fact that we're not going to have a disorderly dissolution in italy, you've seen the yields, in fact, fall on the italian debt. so after yesterday, the yields spike. in other words, the bond market is rising and a little bit more. >> do you think there's as th ce he runs again, berlusconi? >> probably not. the reason he did that, withdrew his support is -- the expectations is not that he'd run, but who knows. the man is a dash the m-- the m character. >> yes, he is. have a great weekend. sharon epperson is live at the nymex. good morning, sharon. >> goo
this afternoon. talk maybe about berlusconi's engagement we we come back. the s military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared specifically to current and former military members and their families. [ laughs ] dad! dad! [ applause ] ♪ [ male announcer ] life brings obstacles. usaa brings advice. call or visit us online. we're ready to help. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> the european markets are closing now. >> and with that we surveyed the landscape of both green and red. want to bring in michelle caruso-cabrera as markets close i
of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so many basis points above the germans on their hourly bulletins. that was one of the reasons why at the height of it berlusconi was kicked out of power. he's saying now this is a total calm. italians essentially should ignore it. he said the spread is a con. back to you, carl. >> he is back. silvio is back. >>> as we head into the final fomc meeting of 2012 fed policymakers have traders on edge. want to get to rick santelli on that in chicago. >> i'm on edge, all right. let's do a summary before i bring my guest
Search Results 0 to 8 of about 9